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Stuck in Neutral report

A lot went right for Canada’s oil and gas industry in 2017 but the outlook for 2018 is less certain, according to JWN’s second annual industry outlook survey.

An uptick in commodity prices, combined with two years of supply cost cuts, created some room to get financial houses in order and invest in production growth in 2017. But the dual spectre of market access limitations and a growing regulatory burden is capping any newfound enthusiasm.

With these issues playing out in real time, the respondents to our second annual Oil & Gas Industry Survey present a mixed outlook for 2018.

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